How does the free Remortgage consultation in York work?

Typically speaking, your initial free remortgage consultation in York will last around 60 minutes. We will then compare a new deal vs your current product and recommend the most appropriate one, which you are not obligated to accept. You can then decide whether you want to proceed with the deal, or step back; it’s completely up to you!

Can I consolidate my debts in York?

Depending on your credit history and your current financial situation, you may be able to remortgage to consolidate your debts in York. Doing this will increase your mortgage size but will incorporate our debts into your mortgage.

There both ups and downsides to this though, so as a Mortgage Broker in york, we recommend not to rush into it.

Why should I bother to Remortgage in York?

When you finish your fixed mortgage term, you will move straight onto your lender’s standard variable rate of interest (SVR). Your lender’s SVR is likely to be of a higher rate of interest than your current mortgage deal, so you will want to Remortgage in York to avoid these extra monthly costs.

The key to remortgaging is to shop around for deals. As a Remortgage Broker in York, we can help you with this and try to find you a perfect deal that is not only more competitive than your last product but is more suited to your personal and financial situation!

How does the Mortgage process in York work?

As your Mortgage Broker in York, we will start with a Fact Find. During this stage of the process, we will get a better view of your personal and financial situation which will help us when selecting a mortgage deal.

You will then have a credit check performed on you, this step is essential in order to obtain an Agreement in Principle. Once you’ve handed us all of the relevent documentation and a valutation of the property has been completed, a formal mortgage offer can be offered.

Are there fees involved in Remortgaging in York?

When you take out a Remortgage in York, there will be some extra fees that you’ll need to consider. These fees will be similar to the ones you received when you took out your current mortgage. As an open and honest Mortgage Broker in York, we will break down these fees for you so that you know exactly what you’re paying for.

We will also try and save money in areas that you’d think you wouldn’t be able to. We take all fees into consideration and compare the savings of your new deal vs your current one.

Can I get a second mortgage in York?

Yes, you can obtain a second mortgage in some cases. Whether it’s for home improvements, debt consolidation, for a Buy to Let or a holiday home, you should know that our Mortgage Advisors in York can help you with this.

Can I get a mortgage in York with previous credit problems?

You may find it slighter harder to get accepted for a mortgage with previous credit problems, however, it’s not impossible! The difference is that you may be asked to put down a higher deposit than usual, perhaps 10-15% of the property purchase price.

What Documents Will I Need to Send for my Mortgage in York?

Here are all of the documents that you’ll need to support your mortgage application in York

• Photographic ID (Driving license, Passport, etc.).
• Proof of Address (Utility bills, tax bills, credit card statements, etc.).
• Latest 3 months’ payslips & Latest P60 (employed applicants)
• Latest 2 years’ tax calculations and corresponding overviews (self-employed applicants)
• 3 months’ bank statement proving the deposit being built-up with an explanation for any large credits.